Market Insights Consumer Household Appliances Major Appliances

Refrigerators - Worldwide

Worldwide

The revenue generated in the Refrigerators market in 2024 is estimated to be €110.20bn worldwide.
It is projected to experience an annual growth rate of 4.14% (CAGR 2024-2028).
In terms of global comparison, in China leads the way with revenue of €29,410m in 2024.
When considering the total number of households, the per household revenue in the Refrigerators market is predicted to be €49.28 in 2024.
Looking ahead to 2028, the volume of the Refrigerators market is expected to reach 206.4m pieces units.
Furthermore, it is anticipated to exhibit a volume growth of 2.1% in 2025.
On average, each household is expected to have a volume of 0.09pieces units in the Refrigerators market in 2024.
The demand for energy-efficient refrigerators is on the rise worldwide, with countries like Germany leading the way in promoting sustainable practices.

Key regions: Worldwide, Germany, Japan, China, Canada

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Methodology

Data coverage:

The data encompasses B2C enterprises. Figures are based on consumer spending on Household Appliances.

Modeling approach:

Market sizes are determined through a bottom-up approach, building on specific predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies and industry associations, trade data, national statistical office data, third-party studies and reports, survey results from our primary research (e.g., the Statista Global Consumer Survey), as well as performance factors. In addition, we use relevant key market indicators and data from country-specific associations, such as number of households, consumer spending, and price level index. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques, such as exponential trend smoothing, for instance. The selection of forecasting techniques is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. The market is updated twice a year. In some cases, the data is updated on an ad hoc basis (e.g., when new, relevant data has been released or significant changes within the market have an impact on the projected development). GCS data is reweighted for representativeness.